Publicly Registered Non-Traded Real Estate Investment Trust*

Publicly Registered Non-Traded Real Estate Investment Trust*
Hello, my name is _______ with _______ and I would like to thank you for taking the time to listen to this presentation on American Realty Capital Hospitality Trust, Inc., or ARC Hospitality for short. In it, I will outline the market opportunity for investing in income-producing select-service and full-service hotel properties in the U.S. and then discuss the strategy that ARC Hospitality will employ to take advantage of this opportunity. Publicly Registered Non-Traded Real Estate Investment Trust* THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. AN OFFERING IS MADE ONLY BY PROSPECTUS. THIS LITERATURE MUST BE PRECEDED OR ACCOMPANIED BY A CURRENT PROSPECTUS. AS SUCH, A COPY OF THE CURRENT PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTION WITH THIS OFFERING AND SHOULD BE READ IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THIS OFFERING. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the Attorney-General of the State of New York nor any other state or federal regulator has passed on or endorsed the merits of this offering or these securities or confirmed the adequacy or accuracy of the prospectus. Any representation to the contrary is unlawful. All information contained in this material is qualified in its entirety by the terms of the current prospectus. The achievement of any goals is not guaranteed. An investment should only be made after a careful review of the prospectus. Realty Capital Securities, LLC One Beacon Street, 14th Floor, Boston, MA | *American Reality Capital Hospitality Trust, Inc., intends to elect and qualify as a real estate investment trust (“REIT”) commencing with the tax year ending December 31, 2013.

American Realty Capital Hospitality Trust, Inc.
Risk Factors Investing in our common stock involves a high degree of risk. You should purchase these securities only if you can afford a complete loss of your investment. See the section entitled “Risk Factors” beginning on page 30 of the prospectus for a discussion of the risks which should be considered in connection with your investment in our common stock including: We have no prior operating history or established financing sources and will rely on our advisor to conduct our operations. Our advisor has no operating history and is a newly formed entity which has no experience operating a public company There is no guarantee that distributions will be paid. If distributions are declared and paid, the amount of the distributions paid may decrease or distributions may be eliminated at any time. Due to the risks involved in the ownership of real estate, there is no guarantee of any return on your investment, and you may lose all or a portion of your investment We are a “blind pool” offering because we currently do not own any properties and we have not identified any properties to acquire, other than the six hotel properties identified under “Description of Potential Real Estate Investments.” Since we have neither identified nor acquired any investments, other than the six hotel properties identified under “Description of Potential Real Estate Investments,” you will not have the opportunity to evaluate the merits and/or demerits of such investments prior to your purchase of our common stock Because we are dependent upon our advisor, our property manager, our sub-property manager and their affiliates to conduct our operations, any adverse changes in the financial health of such entities or our relationship with such entities could hinder our operating performance and the return on our stockholders’ investments No public market exists for our shares of common stock, nor may a public market ever exist and our shares are, and may continue to be, illiquid. Our share repurchase program may be the only way to dispose of your shares, but there are a number of limitations placed on such repurchases. See “Share Repurchase Program;” Market conditions and other factors could cause us to delay our liquidity event beyond the sixth anniversary of the termination of the primary offering. We also cannot assure you that we will be able to achieve a liquidity event As with any investment, ARC Hospitality is not without risks. Please take a moment to review carefully ARC Hospitality’s risk factors. * Not to be read by the presenter, but for the purposes of regulatory review: In order to give the viewer an opportunity to read the forward-looking statement disclosure, the presenter will pause on this slide long enough to allow the viewer to read through before moving on to the next slide in the presentation. American Realty Capital Hospitality Trust, Inc. 2

Risk Factors We established the initial offering price on an arbitrary basis; as a result, the actual value of your investment may be substantially less than what you pay There are substantial conflicts among the interests of our investors, our interests and the interests of our advisor, property manager, our sub-property manager, our sponsor, our dealer manager and our and their respective affiliates, which could result in decisions that are not in the best interests of our stockholders The parent of our sponsor is the direct or indirect sponsor of twelve other publicly offered investment programs which invest generally in real estate assets, but not primarily in our target assets, most of which has more resources than we do We may change our investment objectives and strategies without stockholder consent We are obligated to pay substantial fees to our advisor, which may result in our advisor recommending riskier investments We are obligated to pay the special limited partner a subordinated distribution upon termination of the advisory agreement, which may be substantial and therefore may discourage us from terminating the advisor We may incur substantial debt, which could hinder our ability to pay distributions to our stockholders or could decrease the value of your investment if income on, or the value of, the property securing the debt falls Our organizational documents permit us to pay distributions from any source, including unlimited amounts from offering proceeds and borrowings. Any of these distributions may reduce the amount of capital we ultimately invest in properties and other permitted investments and negatively impact the value of your investment, especially if a substantial portion of our distributions are paid from offering proceeds Our failure to qualify or remain qualified as a REIT would result in higher taxes, may adversely affect our operations, would reduce the amount of income available for distribution and would limit our ability to make distributions to our stockholders Commencing with the NAV pricing date, the offering price for shares in our primary offering and pursuant to our DRIP, as well as the repurchase price for our shares, will be based on NAV, which may not accurately reflect the value of our assets There are limitations on ownership and transferability of our shares. Please see “Description of Securities — Restrictions on Ownership and Transfer.” [pause on slide for review] * Not to be read by the presenter, but for the purposes of regulatory review: In order to give the viewer an opportunity to read the forward-looking statement disclosure, the presenter will pause on this slide long enough to allow the viewer to read through before moving on to the next slide in the presentation. American Realty Capital Hospitality Trust, Inc. 3

Forward Looking Statement Disclosure Certain statements made in this presentation are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of American Realty Capital Hospitality Trust, Inc. (“ARC Hospitality”) and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “should” or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and ARC Hospitality undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law. The following are some of the risks and uncertainties, although not all risks and uncertainties, that could cause ARC Hospitality’s actual results to differ materially from those presented in our forward-looking statements: While ARC Hospitality is raising capital and investing the proceeds of its on-going initial public offering, the competition for the type of properties it desires to acquire may cause its distributions and the long-term returns of its investors to be lower than they otherwise would be. ARC Hospitality depends on room occupancy for its revenue, and, accordingly, its revenue is dependent upon the success and economic viability of its hotel properties. No public market currently exists, or may ever exist, for shares of ARC Hospitality common stock and ARC Hospitality shares are, and may continue to be, illiquid. ARC Hospitality may be unable to pay or maintain cash distributions or increase distributions over time. ARC Hospitality is obligated to pay substantial fees to its advisor and its advisor's affiliates, including fees payable upon the sale of properties. ARC Hospitality is subject to risks associated with the significant dislocations and liquidity disruptions currently existing or occurring in the United States' credit markets. Please take a moment to review the following regarding forward-looking statements. * Not to be read by the presenter, but for the purposes of regulatory review: In order to give the viewer an opportunity to read the forward-looking statement disclosure, the presenter will pause on this slide long enough to allow the viewer to read through before moving on to the next slide in the presentation. American Realty Capital Hospitality Trust, Inc. 4

ARC Hospitality seeks to provide: Monthly Cash Distributions
Investment Focus American Realty Capital Hospitality Trust, Inc. seeks to: Acquire institutional-quality, strategically-located lodging properties in North America, partnering with premium national brands and operated by its experienced management company, Crestline Hotels & Resorts, LLC ARC Hospitality seeks to provide: Capital Preservation Monthly Cash Distributions Capital Appreciation ARC Hospitality seeks to acquire institutional-quality, strategically-located lodging properties in North America – partnering with premium national brands and operated by its experienced sub-property manager, Crestline Hotels & Resorts, LLC. There are a number of reasons that investors may incorporate investments in hotel real estate into their overall portfolio strategy. First, as a means to preserve and protect capital Second, they have the potential to provide stable, consistent cash distributions paid out to investors Third, they have the potential to provide long-term opportunities for capital appreciation when prudent leverage is utilized. American Realty Capital Hospitality Trust, Inc. 5

Luxury Hotels & Resorts Select-Service Hotels
Investment objectives ARC Hospitality Trust seeks to acquire select-service and full-service hotels: Located in high barrier-to-entry, supply-constrained markets near stable and diverse demand generators Well-maintained, with minimum deferred maintenance or capital required Purchased at a discount to replacement cost Luxury Hotels & Resorts Premium Hotels Full-Service Hotels ARC Hospitality seeks to acquire select-service and small, full-service hotels. ARC Hospitality will target assets located in high barrier-to-entry, supply-constrained markets near stable and diverse demand generators. These properties are well-maintained, with minimum deferred maintenance or capital required. Moreover, ARC Hospitality expects to acquire assets that outperform their respective markets with regards to rates, occupancies and cash flows, at a discount to replacement cost. Select-Service Hotels Budget Hotels American Realty Capital Hospitality Trust, Inc. 6

Hypothetical Floor Plan
Representative Select-service hotel Select-Service Customer Profile Business Traveler Small group / conference / events Family / social Extended stay Level of Service Moderate to High Room Rates Moderate Operating Costs Typical Amenities / Services Limited food & beverage Complimentary breakfast Lounge Fitness room and pool Limited meeting space Hypothetical Floor Plan Select service hotels are characterized as small to medium-sized hotel establishments which offer a limited amount of on-site amenities and which only cater and market to a specific demographic of travelers such as the single business traveler, small groups, families, social event lodgers and the extended stay audience. Most select service hotels may still offer full-service accommodations but may lack leisure amenities such as an on-site restaurant or swimming pool. Examples include Courtyard by Marriott and Hilton Garden Inn. Replacement Cost / Room ~$225,000 Rate Per Night $120 Room Size 300± Sq Ft Note: This slide is for illustrative purposes to showcase the type of properties which ARC Hospitality seeks to target for acquisitions. ARC Hospitality may not necessarily acquire properties with an identical floor plan to the one above. American Realty Capital Hospitality Trust, Inc. 7

Hypothetical Floor Plan
Representative FULL-service hotel Full-Service Customer Profile Business Traveler Group / conference / events Family / social Level of Service Higher Room Rates Operating Costs Typical Amenities / Services A la carte restaurant, three meals per day Lounge Fitness facility and pool Meeting and conference support services Room service, bellmen and concierge services Hypothetical Floor Plan Full-service hotels often contain upscale, full-service facilities with a large volume of full-service accommodations, one or more on-site full-service restaurants, and a variety of on-site amenities such as swimming pool facilities, a health club, children's activities, ballrooms, on-site conference facilities, and other amenities. Examples may include InterContinental, Starwood – Westin, Hilton, Marriott, and Hyatt hotels. Replacement Cost / Room ~$300,000 Rate Per Night(1) $173 Room Size 350± Sq Ft Note: This slide is for illustrative purposes to showcase the type of properties which ARC Hospitality seeks to target for acquisitions. ARC Hospitality may not necessarily acquire properties with an identical floor plan to the one above. (1) Source: PKF Hospitality Research, LLC American Realty Capital Hospitality Trust, Inc. 8

Target Brand Partners* Included here are the various brands that we hope to affiliate with through property acquisitions. Each brand has multiple flag hotels in both the full-service and select-service segments. * Companies listed above do not endorse the investment security sold. Crestline has been contracted to manage the properties or subsidiary properties that ARC Hospitality hopes to affiliate with through property acquisitions. American Realty Capital Hospitality Trust, Inc. 9

Experienced Management Team
ARC Hospitality is led by seasoned professionals with extensive institutional experience in the real estate and hospitality business. Nicholas S. Schorsch Chairman ARC Hospitality William M. Kahane Chief Executive Officer & President ARC Hospitality Bruce D. Wardinski Co-Chief Executive Officer ARC Hospitality Advisors, LLC Jonathan P. Mehlman EVP & Chief Investment Officer ARC Hospitality Nicholas A. Radesca Chief Financial Officer ARC Hospitality James A. Carroll CEO, Property Manager Crestline Hotels & Resorts ARC Hospitality is led by seasoned professionals with extensive institutional experience in the real estate and hospitality business. Management is supported by a highly specialized and fully integrated team provided by AR Capital and RCS Capital corporation. Synergistic Value: Shared Services provided by AR Capital and RCS Capital Corporation Operations IT Investor Relations Marketing Accounting Human Resources Legal Financing Due Diligence Asset Management Originations American Realty Capital Hospitality Trust, Inc. 10

Experienced Property Managers Crestline Hotels & Resorts Has assisted its affiliates and its former affiliates in acquiring hotels with an aggregate value of over $3.4 billion. Such hotels include Marriott, Hilton, Starwood, Intercontinental Hotel Group, Wyndham and Hyatt. Crestline’s management team has been involved with structuring profitable exit strategies of assets through various means including initial public offerings and individual asset dispositions. Crestline’s executive team adopts a partnership approach with the hotel owners, investors and employees at each of its hotels, which ARC Hospitality believes enables them to maximize profitability in a hospitality-driven, guest-service-focused environment. By purchasing a controlling interest in Crestline Hotels and Resorts, LLC, AR Capital has created an alliance between ARC Hospitality and a seasoned operating partner. With over 45 hotels under management, Crestline brings exceptional senior management talent and vast hotel operating experience in the select-service and full-service markets. Moreover, Crestline Hotels and Resorts, LLC, is among the nation’s largest independent hospitality management companies, is ranked among the Top Management Companies in HotelBusiness magazine, and is on Hotel & Motel Management’s list of “Top Third Party Management Companies”. Not to be read by the presenter, but for the purposes of regulatory review: (As of March 2013, American Realty Capital Hospitality Trust, Inc. 11

Summary We believe it is an opportune time to purchase well-located select-service and full-service hotels as we enter what we believe to be the growth phase of an extended lodging cycle Revenue growth has historically been closely correlated with growth in US GDP; this leads to potential pricing power for room rate increases and allows us to potentially hedge against inflation ARC Hospitality seeks to create value with a core acquisition strategy, internal growth opportunities and low leverage ARC Hospitality’s conservative capital structure supports an investment strategy providing regular cash distributions and capital appreciation potential ARC Hospitality management believes that the current market environment presents an opportune time to purchase well-located select-service and full-service hotels as the country enters what management believes to be the growth phase of an extended lodging cycle. Moreover, management, as well as other hospitality investment pundits, have found revenue growth to be historically closely correlated with growth in US GDP, which leads to potential pricing power for room rate increases and allows ARC Hospitality to potentially hedge against inflation. ARC Hospitality seeks to create value with a core acquisition strategy, internal growth opportunities and a conservative capital structure in order to support its investment strategy of providing regular cash distributions and capital appreciation potential. American Realty Capital Hospitality Trust, Inc. 12

Investment Opportunity Management believes that ARC Hospitality’s recently acquired initial portfolio, the pending acquisition of the Equity Inns transaction, improving macroeconomic fundamentals, and AR Capital’s strong team, provide all of the crucial elements to capitalize on what management sees as a tremendous opportunity to further expand the ARC Hospitality platform. In the following slides, I would like to outline the market opportunity for investing in income-producing select-service and full-service hotel properties in the U.S. American Realty Capital Hospitality Trust, Inc. 13

Rising Occupancy Rates Expanding RevPAR Metrics
Market Opportunity Why Invest in the Hospitality Sector Now? Third Party Research on a Recovering Economy… Average Annual RevPAR* growth of approximately 6.4% from 2010 through 2013(1) Pricing Power and “One Night Leases”… Economic growth drives demand as unemployment declines and spending and travel increase – creating pricing power Limited Supply… Limited new construction since 2008 and lack of hotel construction financing leads to lower room supply, less competition and, we believe the ability to drive rates ARC Hospitality Believes There are Strong Underlying Hotel Fundamentals: Management believes that now is an opportune time to invest in the hospitality sector. Third party research shows average RevPAR growth, or revenue per available room, of approximately 6.4% from Hotels benefit from their dynamic pricing power, which enables them to re-price daily as opposed to other major real estate sectors that rely on longer-term leases. Rising Occupancy Rates Increasing ADR Metrics Expanding RevPAR Metrics Stable Demand Growth * A performance metric in the hotel industry, which is calculated by multiplying a hotel's average daily room rate (ADR) by its occupancy rate. (1) PKF Hotel Horizons, March-May 2014 Edition American Realty Capital Hospitality Trust, Inc. 14

Strong Fundamentals in Four Hospitality Quadrants
GDP Growth Job Growth The U.S. economy has been growing slowly with healthy growth expected… …while adding fewer jobs than expected Housing Market Consumer Confidence The country is seeing strong growth fundamentals in the four chief economic quadrants: GDP, jobs, housing and consumer confidence. The housing market is recovering… … while consumer confidence slowly recovers May 2014: 81.8 Avg: 76.5 Sources: Federal Reserve Bank of St. Louis, PKF Hospitality Research, National Association of Realtors, University of Michigan, Macroeconomic Advisers American Realty Capital Hospitality Trust, Inc. 15

Historical Three-Month LIBOR Historical U.S. Ten-Year Treasury Yields
Alternative Industry Fundamentals LIBOR and Treasury yields are currently very low and are projected to remain well below historical averages over the next several years Historical Three-Month LIBOR Historical U.S. Ten-Year Treasury Yields 15-Year Avg: 4.0% In June 2013, the U.S. Federal Reserve reaffirmed its outlook on the economy and decided to keep the target range for the Federal Funds Rate at 0 to 0.25%. 15-Year Avg: 2.6% Source: FactSet and Bloomberg American Realty Capital Hospitality Trust, Inc. 16

Alternative Industry Fundamentals Growth Exceeds New Supply High relative demand with limited new supply provides a positive backdrop for the hospitality real estate sector, while increasing occupancy and rate 25yr Demand Avg. = 2.4% 25yr Supply Avg. = 1.8% High relative demand with limited supply provides a positive backdrop for the hospitality real estate sector. PKF, a research authority on the hospitality sector, reported 2013 hotel supply growth of 0.7% – well below the historical average of 1.8% since High relative demand with limited new supply increases occupancy and rate. Sources: Smith Travel Research, PKF Hospitality Research, LLC American Realty Capital Hospitality Trust, Inc. 17

Historical Rooms Under Construction:
Attractive Industry Fundamentals Few Construction Starts = Low Supply Growth New hotel rooms under construction in the U.S. remain near historical lows, nearly 60% below 2007 Limited availability of construction financing is leading to fewer starts and more abandoned projects Historical Rooms Under Construction: 2007 New hotel rooms under construction in the U.S. remain near historic lows – nearly 60% below Limited availability of construction financing is leading to fewer starts and more abandoned projects. Source: Smith Travel Research American Realty Capital Hospitality Trust, Inc. 18

Improving Macroeconomic Factors Increasing ADR Metrics Good News for Lodging Given High Correlation Between Jobs and ADR* Growth Job Growth ADR Growth ADR and job growth have proven to be strongly correlated historically. As such, the continued rebound of the job market is a positive for the U.S. lodging sector. *A metric widely used in the hospitality industry to indicate the average realized room rental per day. Source: Smith Travel Research and US Bureau of Labor Statistics American Realty Capital Hospitality Trust, Inc. 19

Peak to Trough Cumulative RevPAR* Growth
Lodging Fundamentals Expanding RevPAR Metrics Peak to Trough Cumulative RevPAR* Growth ‘92 – ‘00: 39.6% ‘03 – ‘07: 30.4% ‘10 – ‘17: 42.8% * * The lodging cycle is experiencing a period of robust growth, as peak to trough cumulative RevPAR growth is expected to be outsized compared to prior cycles. * Cycle Trough in RevPAR * *A performance metric in the hotel industry, which is calculated by multiplying a hotel's average daily room rate (ADR) by its occupancy rate. Sources: Smith Travel Research, PKF Hospitality Research, U.S Bureau of Economic Analysis, Federal Reserve Bank of St. Louis., Macroeconomic Advisers (June 6, 2014) American Realty Capital Hospitality Trust, Inc. 20

ARC Hospitality Focus Segments Strong Chain Scale Rebound U.S. RevPAR Growth Based on PKF’s Hospitality Research, LLC, U.S. RevPar Growth appears to have stabilized from 2009 levels. Source: PKF Hospitality Research, LLC American Realty Capital Hospitality Trust, Inc. 21

Still 27.4% Below Pre– Recession Levels Considerable upside still available in the Hospitality sector as compared to other Real Estate Asset Classes. Property Type Value Recovery Rates As we see here, property value recovery rates for the hotel sector are still well below pre-recession levels. Management believe this leaves “ample runway” upon which to generate shareholder returns by purchasing assets at or below replacement cost and then, potentially, harvesting their upside value. Source: PKF Consulting USA, LLC & PFK Hospitality Research, LLC (May 2013) American Realty Capital Hospitality Trust, Inc. 22

Initial hotel portfolio
Courtyard by Marriott Location Baltimore, MD Rooms 205 Courtyard by Marriott Location Providence, RI Rooms 216 Homewood Suites by Hilton Location Stratford, CT Rooms 135 As you can see, the initial portfolio is comprised of the following six properties and nearly 1,200 rooms. : A Courtyard by Marriott in Baltimore, Maryland A Courtyard by Marriot in Providence, Rhode Island A Homewood Suites by Hilton in Stratford, Connecticut A Georgia Tech Hotel and Conference Center in Atlanta, Georgia A Westin Hotel in the Virginia Beach, Virginia A Hilton Garden Inn in Blacksburg, Virginia. Georgia Tech Hotel & Conference Center(1) Location Atlanta, GA Rooms 252 Westin Hotel(2) Location Norfolk/Virginia Beach, VA Rooms 236 Hilton Garden Inn at Virginia Tech(2) Location Blacksburg, VA Rooms 137 (1) ARC Hospitality owns an operating leasehold interest in the property pictured (2) ARC Hospitality owns a minority interest in a joint venture for the property pictured American Realty Capital Hospitality Trust, Inc. 23

ARC Hospitality to Acquire Equity Inns Lodging Portfolio for $1
ARC Hospitality to Acquire Equity Inns Lodging Portfolio for $1.925 Billion Purchase Creates One of the Largest Hospitality REITs in North America Now, I would like to discuss ARC Hospitality’s announcement of the company’s intention to acquire the Equity Inns lodging portfolio.

Transaction Summary On June 2, 2014, American Realty Capital Hospitality Trust announced it has entered into an agreement to acquire the Equity Inns Hotel Portfolio for $1.925 billion from Whitehall, a subsidiary of Goldman Sachs. The transaction is expected to close in the fourth quarter of 2014. Institutional Quality Portfolio Composition: 126 premium-branded hotels all franchised to Hilton Worldwide, Marriott International, Hyatt Hotels Corporation, and InterContinental Hotels Group. The Portfolio is comprised of 14,934 rooms across 35 states. Transformational Opportunity: 77% of Portfolio assets are located in the top 100 U.S. MSA high barrier-to-entry markets where diverse demand drivers provide sustained growth and immediate value creation opportunities. The pending acquisition of a large specified pool of assets helps temper the perception of blind pool risks associated with many other public, non-traded REITs offerings. Consistent with the Company’s investment strategy, the transaction will position ARC Hospitality well for a potential liquidity/public listing within the time frame outlined in the prospectus. On June 2, 2014, ARC Hospitality announced the acquisition of the Equity Inns Hotel Portfolio for $1.925 billion from Whitehall, a subsidiary of Goldman Sachs. This portfolio is made up of 126 premium-branded hotels, all franchised to either Hilton Worldwide, Marriott International, Hyatt Hotels Corporation, or InterContinental Hotels Group and is comprised of 14,934 rooms across 35 states. American Realty Capital Hospitality Trust, Inc. 25

Transaction Structure Transaction Structure $ % CMBS Mortgage Debt $1,203,000,000 62.5% Goldman Sachs Preferred Equity $451,000,000 23.4% Cash $271,000,000 14.1% Contract Purchase Price $1,925,000,000 100.0% Structure: Ability to assume Deutsche Bank financing at an interest rate of L+330 Goldman Sachs to provide seller financing as an institutional investor in the form of preferred equity. As shown, the acquisition’s capital structure consists of the following: $1.203 billion of CMBS debt $451 million of Goldman Sachs preferred equity, and, $271 million of cash The transaction structure is highly favorable given ARC Hospitality’s ability to assume Deutsche Bank’s CMBS financing at an interest rate of L+330 and Goldman Sachs’s willingness to provide seller financing in the form of preferred equity as an institutional investor. American Realty Capital Hospitality Trust, Inc. 26

TRANSACTION COMPLIMENTS ARC Hospitality’s Focused Brand Strategy Brand Select-Service Full-Service Hilton: 57 hotels Hampton Inn & Suites: 43 hotels Homewood Suites: 10 hotels Hilton Garden Inn: 3 hotels Embassy Suites: 1 hotel Marriott: 52 hotels Residence Inn: 25 hotels Courtyard: 17 hotels Springhill Suites: 7 hotels Fairfield Inn & Suites: 2 hotels Towneplace Suites: 1 hotel As you can see, the transaction very much suits ARC Hospitality’s focused brand strategy, as all 132 hotels represented above fall within the company’s runway of target brands. Six hotels have been added to the portfolio officially. They are a Courtyard by Marriott in Baltimore, Maryland; a Courtyard by Marriott in Providence, Rhode Island; a Homewood Suites by Hilton in Stratford, Connecticut; the Georgia Tech Hotel and Conference Center in Atlanta, Georgia; a Westin Hotel in the Virginia Beach, Virginia area; and finally, a Hilton Garden Inn in Blacksburg, Virginia. The remaining 126 are, as of July 21, 2014, still pending. Hyatt: 15 hotels Hyatt Place: 15 hotels IHG: 2 hotels Holiday Inn: 2 hotels The following six hotels are in the initial portfolio, while the remaining 126 represented above are still pending (1) Courtyard by Marriott in Baltimore, Maryland; (2) Courtyard by Marriott in Providence, Rhode Island (3) Homewood Suites by Hilton in Stratford, Connecticut; (4) Georgia Tech Hotel and Conference Center in Atlanta, Georgia; (5) Westin Hotel in the Virginia Beach, Virginia area; (6) Hilton Garden Inn in Blacksburg, Virginia. American Realty Capital Hospitality Trust, Inc. 27

Equity Inns Portfolio Overview Rooms by Product Type Brands Hotels Keys % Keys 57 7,264 49% 52 5,492 37% 15 1,954 13% 2 224 1% Total 126 14,934 100% Rooms by Flag Top States Here is an overview of the Equity Inns portfolio [pause on slide for review]. Note: Portfolio percentages by number of keys. American Realty Capital Hospitality Trust, Inc. 28

Diversified National Footprint in 36 States Large scale, well-located portfolio with limited concentration risk: 77% of assets/keys are in top 100 MSAs Top 10 MSAs # of Assets # Keys % Total Keys Miami 7 780 5.2% Orlando 4 Chicago 636 4.3% Columbus 5 605 4.1% Austin 505 3.4% West Palm Beach 484 3.2% Dallas 3 458 3.1% Kansas City 377 2.5% San Diego Memphis 342 2.3% ˜ ˜ ˜ ˜ The Equity Inns acquisition will provide ARC Hospitality with a portfolio of 132 hotels totaling 16,115 rooms and geographically diversified across 36 states. Map Key Initial Portfolio Equity Inns Portfolio American Realty Capital Hospitality Trust, Inc. 29

Target Liquidity in Three to Six Years
Defined Exit Strategy Target Liquidity in Three to Six Years List on a Public Exchange Sell to Hotel Company or to Institutional Buyer Sell Individual Assets ARC Hospitality has a well-defined exit strategy. At the conclusion of the company’s offering phase, ARC Hospitality will begin to explore strategic liquidity alternatives to return capital to shareholders, such as listing on a public exchange, an outright portfolio sale, or a sequence of dispositions. NOTE: If we do not begin the process of achieving a Liquidity Event by the sixth anniversary of the termination of this offering, our charter requires, unless extended by a majority of the board of directors and a majority of the independent directors, that we hold a stockholders meeting to vote on a proposal for our orderly liquidation of our portfolio. If the adoption of a plan of liquidation is postponed, our board of directors will reconsider whether liquidation is in the best interests of our stockholders at least annually. If the board does not decide to pursue a liquidity event, or the stockholders do not approve a liquidity event, we could continue to operate indefinitely. American Realty Capital Hospitality Trust, Inc. 30

Company attributes American Realty Capital Hospitality Trust, Inc. strives to adhere to the following “Best Practices.” American Realty Capital Hospitality Trust, Inc. Yes Experienced Management Team Sector Specific Focused Offering Comprehensive, Transparent Reporting Alignment of Interests between Management and Shareholders Defined Exit Strategy(1) NOTE: The Offering’s exit strategy is not guaranteed. Clearly Defined Valuation Metrics Restrictions on Related Party or Affiliated Transactions(2) Realty Capital Securities, (this offering’s dealer manager), insists that every issuer on its platform adhere to the company’s ethical attributes. These include: An Experienced Management Team A Sector Specific Focused Offering Comprehensive, Transparent Reporting The Alignment of Interests between Management and Shareholders A Well Defined Exit Strategy Clearly Defined Valuation Metrics Restrictions On Related Party or Affiliated Transactions If the board does not decide to pursue a liquidity event, or the stockholders do not approve a liquidity event, we could continue to operate indefinitely. Realty Capital Securities requires that every issuer on its platform adhere to Realty Capital Securities’ best practices guidelines. This, among other things, generally disallows us from entering into business transactions with or providing funding to any non-traded REIT or private investment vehicle affiliated with the American Realty Capital group of companies. Please see the Prospectus for more details. American Realty Capital Hospitality Trust, Inc. 31

Offering Details Offering Size: Price Per Share: Minimum Initial Investment: Anticipated Distribution Schedule: Suitability Standards: Distribution Reinvestment Plan: Share Repurchase Plan: Valuation: $2.0 Billion $25.00 (Following the earlier to occur of (a) our acquisition of $2.0 billion in total portfolio assets and (b) January 7, 2016, which is two years from the effective date of this offering, or the NAV pricing date) $2,500 (100 shares) Monthly Gross annual income of $70,000 and net worth of $70,000 or a net worth of at least $250,000. (Suitability requirements may differ in certain states, including: AL; CA; IA; KS; KY; MA; ME; MI; ND; NE; NJ; NM; OH; OR; TN — For additional information, please consult the current prospectus.) Yes Prior to our calculation of NAV, repurchases for continuously held shares will proceed as follows1: One Year – The lower of $23.13 or 92.5% of purchase price; Two Years – The lower of $23.75 or 95.0% of purchase price; Three Years – The lower of $24.38 or 97.5% of purchase price; and Four Years – The lower of $25.00 or 100% of purchase price. Valuation will occur with the filing of our second quarterly report following the earlier to occur (i) our acquisition of $2.0 billion in total portfolio assets and (ii) Two years from the effective date of this offering (“the NAV pricing date”); and quarterly thereafter. Commencing with the NAV pricing date, NAV will be calculated by estimating the market value of our assets and liabilities, many of which may be illiquid. In calculating NAV, our advisor will consider an estimate provided by an independent valuer of the market value of our real estate assets. Please take a moment to review ARC Hospitality’s offering details. (1) We will limit the number of shares repurchased during any calendar year to 5% of the weighted average number of shares of common stock outstanding during the prior calendar year. American Realty Capital Hospitality Trust, Inc. 32

ARC Hospitality Hospitality REIT + Experienced Hotel Manager + Focused Business Strategy + Improving Macroeconomic Conditions + Initial Portfolio + Promising Lodging Industry Fundamentals = Shareholder Distributions, Capital Preservation and Value Creation To summarize, management believes that the combination of an experienced hotel manager, the company’s focused investment strategy, improving macroeconomic conditions, the company’s strong initial portfolio and promising lodging industry fundamentals are conducive to shareholder distributions, capital preservation and value creation. *There can be no assurance these objectives will be achieved. American Realty Capital Hospitality Trust, Inc. 33

NOTES American Realty Capital Hospitality Trust, Inc. 34

NOTES American Realty Capital Hospitality Trust, Inc. 35

Investor inquiries For more information on American Realty Capital Hospitality Trust, Inc. please contact your financial professional. Broker dealer inquiries Realty Capital Securities, LLC One Beacon Street 14th Floor, Boston, MA 02108 American Realty Capital Hospitality Trust, Inc. All Other Inquiries Thank you for taking the time to attend this presentation on ARC Hospitality . If you have questions, or if we can be of further assistance in any way, please let us know. If you are an investor and think that ARC Hospitality may be right for you, ask your advisor for more information on this offering. If you are an investment advisor, we would love to hear from you. Feel free to contact us at: 877‐373‐2522. You can also find more information at: American Realty Capital Hospitality Trust, Inc. 405 Park Avenue New York, NY archospitalityreit.com Realty Capital Securities, LLC (Member FINRA/SIPC), is the dealer manager for American Realty Capital Hospitality Trust, Inc.

Publicly Registered Non-Traded Real Estate Investment Trust*

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Publicly Registered Non-Traded Real Estate Investment Trust*

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Presentation on theme: "Publicly Registered Non-Traded Real Estate Investment Trust*"— Presentation transcript:

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About project

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